After Payroll, the week will be marked IPCA and CPI (Image: REUTERS/Bruno Domingos)
Last week, the market followed the most recent data from the payrollthe main jobs report for USA. In September, the US created 254 thousand jobs, as released by the Department of Work on Friday (4).
Last month's payroll data accelerated compared to the August reading, when the North American economy opened 142 thousand jobs. The result was still well above market expectations, which expected the creation of 147 thousand jobs.
The data is in line with other US employment readings, released earlier this week. At Jolts, the number of vacancies rose from 7.711 million to 8.04 million between July and August and, in the Automatic Data Processing (ADP) report, private sector positions went from 103 thousand to 143 thousand.
Inter's senior economist, André Valério, recalls that the Federal Reserve (Fed) has shown great concern about the job market, whose unemployment rate reached 4.3%.
This, according to Valério, triggered the Sahm Rule, which anticipates recessions in the American economy.
However, this rule was never activated with unemployment claims so low. “Yesterday, unemployment insurance data indicates that 225,000 new insurance claims were requested, a level historically consistent with a healthy economy,” he says.
IPCA, CPI and more: see what to expect this week
The market starts another Monday (07) waiting for the usual Focus Reportin addition to the publication of the General Price Index – Internal Availability (IGP-DI) referring to the month of September.
On Tuesday (08), investors will receive the Vehicle Production and Sales Index, for the month of August. On Wednesday (09), in addition to data from Foreign Exchange Flow, the market also receives the Broad National Consumer Price Index (IPCA), which measures the preview of inflation official of Brazil.
While the Retail Sales Index is the only indicator for Thursday (10), the Services Sector Growth Index closes on Friday (11).
Me on international agendainvestors are preparing for a 'calmer' week, following important labor market data. This week you will have data such as: Consumer Credit USAEmployment Trend Index, CPI, Michigan Consumer Perception Index and FOMC Meeting Minutes.